BankUnited - BKU Stock Forecast, Price & News

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. As of December 31, 2021, it operated through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.

Wall Street Analyst Weigh In

Several equities analysts have commented on BKU shares. JPMorgan Chase & Co. decreased their price objective on shares of BankUnited from $43.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, July 1st. Wells Fargo & Company increased their price objective on shares of BankUnited to $45.00 in a research note on Friday, July 22nd. Keefe, Bruyette & Woods lowered shares of BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 target price on the stock. in a report on Thursday, June 2nd. Piper Sandler increased their price target on BankUnited to $40.00 in a report on Friday, July 22nd. Finally, StockNews.com upgraded shares of BankUnited from a "sell" rating to a "hold" rating in a report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $45.00.

BankUnited Trading Down 0.9 %

Shares of NYSE:BKU traded down $0.36 on Wednesday, hitting $40.73. The company had a trading volume of 8,265 shares, compared to its average volume of 601,124. BankUnited has a 1 year low of $33.90 and a 1 year high of $46.75. The firm's 50-day simple moving average is $37.04 and its two-hundred day simple moving average is $40.17. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.27 and a beta of 1.25.

BankUnited (NYSE:BKU - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). BankUnited had a net margin of 32.13% and a return on equity of 12.00%. The firm had revenue of $238.87 million for the quarter, compared to analysts' expectations of $245.42 million. During the same period in the prior year, the business posted $1.11 EPS. Equities analysts anticipate that BankUnited will post 3.7 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, July 13th. BankUnited's dividend payout ratio (DPR) is presently 25.25%.

Insider Buying and Selling at BankUnited

In related news, insider Jay D. Richards sold 7,415 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $41.40, for a total transaction of $306,981.00. Following the sale, the insider now directly owns 30,973 shares of the company's stock, valued at approximately $1,282,282.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.